Quick take:
- The BlackRock USD Institutional Digital Liquidity Fund had previously launched on Arbitrum, Aptos, Avalanche, Ethereum, Optimism, Polygon, and Solana.
- Binance has integrated BUIDL with its banking triparty partners and its crypto-native custody partner, Ceffu.
- The company said the integration enables its clients to confidently scale allocation without falling short of compliance requirements.
Binance, the world’s leading crypto exchange platform by volume and the number of users, has added the BlackRock USD Institutional Digital Liquidity (BUIDL) fund as an off-exchange collateral for trading, the companies said in a press release on Friday.
Securitize, the real-world asset tokenization platform that tokenized the fund, believes this addition establishes BUIDL’s role as “a foundational building block of on-chain finance,” enabling the exchange’s institutional and advanced traders to unlock new capital deployment efficiencies while maintaining exposure to tokenized Treasuries.
Alongside this integration, BUIDL has also launched on BNB Chain, expanding its network to eight chains, including Arbitrum, Aptos, Avalanche, Ethereum, Optimism, Polygon, and Solana.
According to Catherine Chen, Head of VIP & Institutional at Binance, BUIDL’s integration with its banking triparty partners and its crypto-native custody partner, Ceffu, enables its clients to confidently scale allocation without falling short of compliance requirements.
Sarah Song, Head of Business Development at BNB Chain, commented: “BNB Chain is designed for scalable, low-cost, and secure financial applications, and we’re excited to welcome BUIDL to our ecosystem. BUIDL is turning real-world assets into programmable financial instruments, enabling entirely new types of investment strategies on-chain.”
Robbie Mitchnick, Global Head of Digital Assets at BlackRock, added: “This milestone highlights our continued focus on transforming tokenization from concept to practical market utility. By enabling BUIDL to operate as collateral across leading digital market infrastructure, we’re helping bring foundational elements of traditional finance into the on-chain finance arena.”
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